Bloomington mayor to roll out chain-store ordinance for downtown
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
Development/Redevelopment
Articles
State seeks at least $6.5M for 19-acre site
The Indiana Finance Authority said Thursday it plans to auction off a vacant 19-acre development parcel between the White
River and Fall Creek near downtown Indianapolis.
Fishers water park developer hopeful despite setback
The developer of a proposed hotel and water park in Fishers remains optimistic the project will get finished, despite the
latest setback delaying the start of construction by at least two years.
City strengthens building-permit process
The pre-permit review could add nearly three weeks to the current permitting process
Firms line up to find new uses for old airport terminal, other properties
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
Controversial downtown project to get tax abatement
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
Proposed Fishers medical park faces uncertain demand
Fishers development officials hope to create a huge cluster of medical and research facilities near Interstate 69’s Exit
10, near St. Vincent Medical Center Northeast, but local real estate experts disagree about the amount of potential demand
for such a development.
Indiana property owners to save more than expected
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.
Fishers officials propose huge medical park
Fishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69’s Exit 10
Wednesday
night at the town’s regular council meeting.
Exterior work on bank tower wraps up with Regions sign
The Regions Bank name and logo are joining the city’s skyline atop One Indiana Square, also known as Regions Bank
Tower.
Charter Homes owner gets 2-plus years for mortgage fraud
Charter Homes owner Jerry J. Jaquess has been sentenced to two-and-a-half years in prison and ordered to pay restitution of
$825,000 for his role in a $20 million mortgage fraud scheme.
Bloomington looking at downtown chain-store ban
A committee will research a proposal from Bloomington’s mayor to ban new chain or “formula” businesses from parts of the city’s
downtown.
Historic Landmarks returning to headquarters
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
New owner to rehab two century-old apartment buildings
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
Anticipated development near stadium isn’t materializing
Not long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil
Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least
to the back of the crisper drawer.
Commission OKs Ameriplex, Rexnord tax abatements
The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for
a mammoth development known as World Connect at AmeriPlex.
Apartments near downtown canal slated for rehab
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
Adjacent Central Canal parcels go on the market
The owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.
Downtown apartment complex expanding
The developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom
units.
IUPUI faces tough decisions over aging sports facilities
IUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and
the city—in the hunt for high-profile sporting events.